Mahindra & Mahindra Financial Services Limited CC-Sep23.pdf · 2023-10-27
Sir, we had guided earlier that there has been a change in strategy, and there will be less seasonality in our books going forward because whatever changes you have done in the last 1 year. But if we see, if we go by the numbers, things have more or less remained the same. And I have been tracking the company for the last maybe 15 years, last 7, 8 years or a decade, we have been like not able to read the markets properly in terms of demand or in terms of cost of funds. So how do we read that? Because, just a few months back, we had talked about a decent growth and then the availability of used vehicle is less.
Sir, I've been tracking the company for the last 15 years, for the last 7, 8 years or so, I think we have not been able to read the business correctly. Just a few months back, we had talked about that there has been a change in the strategy and the business is to be less seasonal. And there was a strong demand for used vehicles. But how did we not read that the availability of used vehicles is not there? Maybe just 3 months ago, the tone was different. So was there any difficulty in reading the demand scenario, availability of vehicles or cost of fund? Because even in terms of cost of funds, this spike was not expected by the management, right?